The hackers withdrew more than 7000 BTC (≈ $41,5 million) the world's #1 crypto exchange in one transaction. They managed to get access to a large number of user API keys, 2FA codes, and other info.

CEO Binance CZ announced that only one hot wallet was affected, the rest of the users' money was left untouched. All the deposits and withdrawals will remain suspended during a week while the crypto exchange is investigating what has happened. Binance will use the #SAFU fund to cover this incident in full.

Why is it important?

After this news 10 biggest cryptocurrencies plummeted and are still in "a red zone".

Uber & Lyft Taxi Drivers Go On Strike

Uber and Lyft drivers are planning a two-hour strike in several major cities around the world. They will log off the apps from 7AM to 9AM on May 8th, so it could be a problem to find a person to give you a lift. This strike is meant to coincide with Uber’s forthcoming IPO scheduled for May 9th. Taxi drivers are struggling for higher pay and better working conditions.

Why is it important?

So far drivers in San Francisco, Chicago, Los Angeles, San Diego, Minneapolis, Philadelphia, Washington, as well as in London, Birmingham, Nottingham and Glasgow, reported to be joining the strike. Beware if you are planning to use a taxi in the morning.

Buy Some Crypto on Binance with Your Credit Card

Cryptocurrencies are becoming more accessible: now you can pay for Bitcoin, Ethereum, Litecoin и Bitcoin ABC with your credit card using the Binance Android app. You can download it here.

#WHATISBENEFIT?
The world of Vitalik Buterin where getting crypto is as simple as buying a chewing gum is much closer than a year before.

Uber Shares Worth Buying?

Online taxi service Uber will make public the registration of the offering on Thursday. According to Reuters, Uber is seeking a valuation of $90-100 billion, even though recently in the private fundraising market some people suggested it to be only $76 billion. Just compare: in October 2018 Goldman Sachs and Morgan Stanley valued the company at $120 billion. Uber stocks will be available for sale in a New York Stock Exchange (NYSE) at the beginning of May.

Over years some believe that the company is overrated, others admit that it may actually cost even $120 billion.

Why is it important?
Lyft (Uber’s main rival) shares dropped from $72 to $67 on the first trading day. We can not deny that the same thing could happen to Uber. Buying the company's stocks could bring more risk than reward.

Pinterest Fell Short of Expectations

Pinterest's shares crashed before they were officially released: the digital pin board company is going to sell 75 million shares for $15-17 apiece and earn up to $1,275 billion. It is not too much, as in 2017 at pre-IPO these shares were offered to investors for $21,54 apiece.

Why is it important?

Now Pinterest is valued at $11,3 billion, which was approximately $0,7 billion less than of that 2 years ago. In 2018 the company's revenue reached $755.9 million — it is 60% more than of that a year before. However, Pinterest is still unprofitable and for this reason, potential investors are not rushing to put their money in it — in fact, they do not understand how the company will build a profitable presence. Several days ago Lyft's shares slipped 12% because the firm had not managed to explain how it would increase profits and get off "the needle of investors". The shares will soon appear on the New York Stock Exchange (NYSE) under the ticker "PINS", but we should not pin hopes on this IPO.

Crisis is Coming

Many economists are forecasting an economic downturn over the next 1-2 years.

#WHATISBENEFIT?
Harward Business Review analysts claim that crisis usually brings both opportunities and challenges, so the companies can strongly benefit from it if they start preparations in advance. Here are several pieces of advice for those who want to keep business afloat in the wake of economic disaster:

• Define what business units could be affected by a crisis and reallocate your resources in a way that enables you to withstand "an economic punch".

• Imagine many different scenarios including the most negative ones and decide what you need to do. In other words, determine your strategy under conditions of complete uncertainty.

• Invest in R&D and innovation, use new tools which progress gives you. Put digital change agendas on hold.

• Think about the long-term transformation agenda. The crisis often reveals vulnerabilities that might not have been visible before, so be ready to urgently fix all the issues you face.

• Contribute to common problems collaboratively

Bitcoin on the Rise

Today the bitcoin hit $4,900 (in some exchanges it skyrocketed to $5,100) for the first time in 4 months. The main cryptocurrency's capitalization surged by $5,1 billion and now it is approximately $78,8 billion. Now bitcoin costs $4,800.

#WHATISBENEFIT
Several April Fools' Day jokes could impact the main cryptocurrency's spike. We talk about the news that the SEC has approved bitcoin-ETFs and information that business magnate Warren Buffett is diversifying into bitcoin. However, crypto enthusiasts don't believe in it and explain the BTC pump with good old technical analysis.

Largest IPO in the last 5 years: Lyft

Lyft, Uber's main competitor in the United States, will offer investors 32.5 million shares at prices ranging from $70 to $72. Earlier, the company planned to sell securities for $62 -$68. Lyft's capitalization could pass $20 billion and reach $24.3 billion - even though in 2018 the company's capital was only $15 billion. Lyft's IPO may become the largest in US history since 2014, when the Chinese company Alibaba became public.

Why is it important?

The value of Lyft shares has increased due to increased attention from investors who are afraid to lose a major profit. In 2014, the capitalization of Chinese company Alibaba was just $20 billion, and today the e-commerce giant cost 20 times more - $460.7 billion. A few years later, articles, such as "How much would you earn if you invested $1,000 in Alibaba years ago" began to appear. Same thing happened with Bitcoin, which grew ten thousand times by the end of 2017.

If you are afraid of missing the chance of your life, we advise you to take a closer look at buying Lyft shares.

EU Will Control the Internet

The European Parliament approved a very controversial copyright directive that will change the copyright law in Europe. In order for it to become a law, the European Council must approve it, which is likely to happen in April. The initiator of this reform was the European Commission.

Why is it important?

The directive aims to tighten control over the enforcement of copyright on the Internet and support copyright holders. The most discussed amendments are articles 11 and 13 of this document. The first will oblige Google News, Facebook, Pinterest and other platforms to pay copyright holders (such as mass media, small publishers, artists etc.) for displaying their materials, which will significantly affect access to information (not for the better). The second will force the internet companies to carefully moderate content for copyright, which may limit the author’s freedom of expression.